OTCQX:MRVFF - Post by User
Post by
Vic_Moneyon Nov 24, 2009 12:50pm
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Post# 16518482
2010 will be an equally bad year for NRI sharehold
2010 will be an equally bad year for NRI shareholdFrom what I've been reading, many people are expecting the stock to be much higher in 2010 after a few quarters of earnings. I will go on the record to say that in a year from now, the majority of shareholders will still be disappointed with the share price. Even with a few quarters of sales in the US, I would not count on the stock going up considerably. There are many stocks that have shown increased earnings, but little to no share price appreciation, so NRI is not guaranteed to do well even in 2010 as earnings come in. NRI stock has a very poor reputation amongst the majority of investors and Analysts. Even if it has a boost in earnings in 2010, I don't think that will be enough to lift this stock. Earnings alone don't move a companies share price up, so don't expect 2010 to be the year in which shareholders will be rewarded, as the companys reputation may significantly curb any share price appreciation, and market manipulators will take care of the rest.